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...missions and media outlets. With the sale of several palazzos in Italy and an overall appreciation in real estate value, the Vatican closed with a net gain of €24.9 million on real estate in 2004. But Church officials know that economic gains are at the mercy of the Lord. With the bill on Pope John Paul II's mammoth funeral pending, noted Sergio Cardinal Sebastiani, chairman of the Holy See's economic affairs department, the Vatican might drop back to break-even for 2005. - By Jeff Israely and Adam Smith Keep On Rolling Were the obituaries for the auto...

Author: /time Magazine | Title: Bizwatch | 7/17/2005 | See Source »

...properly preserved. And, she adds, preservation is often complicated by politics. The most socially divisive issue of the past two decades, for example, was a dispute over Ayodhya in northern India, where in 1992 Hindu mobs tore down a 16th century Mughal mosque they believed to be built over Lord Ram's legendary temple; the furor over the site sparked riots that killed 2,000 people. The ASI found itself entangled in the controversy in 2003 when, under orders from the then Hindu nationalist government, it produced a grandiose, artist's impression of the buried temple, which many regarded...

Author: /time Magazine | Title: Heaps of History | 7/11/2005 | See Source »

When Tolkien wrote his Lord of the Rings trilogy, his hobbits were much like English people, and the "Shire" a rough analogy to an England reluctantly roused to fight evil. After one harrowing adventure, two hobbits, Merry and Pippin, found themselves chitchatting as they went along: "They turned and walked side by side slowly along the line of the river. Behind them the light grew in the East. As they walked they compared notes, talking lightly in hobbit-fashion of the things that had happened since their capture. No listener would have guessed from their words that they had suffered...

Author: /time Magazine | Title: The Quiet Power of the Stoic | 7/10/2005 | See Source »

...cruellest of fates. Just two weeks ago, British Prime Minister Tony Blair refused to sign off on an EU budget that continues to commit the largest part of its revenues to agricultural subsidies that flow liberally to France. Last week, Britain commemorated - with some delicacy - the 200th anniversary of Lord Nelson's routing of Napoleon's fleet at Trafalgar. The traditional rival across the Channel has an economy that is motoring along at a steady clip, while France's is mired in high unemployment and anemic growth. President Jacques Chirac was reported earlier this week to have said...

Author: /time Magazine | Title: Paris Mourns: Dispatch from a Jilted City | 7/6/2005 | See Source »

...best friend's wife (Aure Atika); he and his Chinese piano coach (Linh Dan Pham) fall in love despite the fact that they don't share a language; he manages to profoundly imperil his father when he screws up an attempt to collect a debt from a Russian crime lord...

Author: /time Magazine | Title: Movies: What These Hands Can Do | 6/26/2005 | See Source »

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